Here’s the latest tea. It seems Joe & Teresa Giudice have not finished their latest ‘downsizing’ purge and cleanse. The Giudices are looking to sell their Lincoln Park rental property for $179,900. About $9000 more than they paid for it. It is listed as a three bedroom, one bath house, through Rand Realty. There are no interior photos available because it is still being occupied by tenants. Average sale prices for homes in the area are listed from $275.000 to around $285,000. Some of the descriptives used to describe the home are “charming’ & ‘not in a flood zone.” One of the amenities listed in the home are a Carbon Monoxide Detector. Gee. thanks guys!
The Giudices purchased their Lincoln Park home in 2005 and have rented the property since 2009. Collecting almost $43,000 in rent, which the Giudices failed to disclose to the Bankruptcy courts. Along with a few other assets they seem to have forgotten to include.
The tea previously spilled, is that the Giudices have put both their Montville mansion and their Jersey Shore vacation home up for sale. The asking price for the Montville home is $3.9 million and $315,000 for their Jersey Shore property. The Montville mansion carries so little equity that Bankruptcy trustee deemed it’s sale would garner very little money for the Giudices to pay off their debtors. The couple reportedly lived in the house while the expansive & expensive renovation of their Montville home was completed. (Wonder who paid for that?)
UPDATE: The Lincoln Park home is in foreclosure based on the following public notice from NJPA:
As previously reported, Juicy’s mom, Filomena Giudice has also been touched by the Giudice scandal. Her Totowa, NJ home was recently placed on the auction block.
As the old saying goes… Oh what a tangled web we weave when first we practice to deceive!